Telegram’s ICO case with U.S Securities Commission (SEC) drags on as a New York judge extends the restraining order keeping the GRAM investors in wait for their tokens. As the April deadline approaches, whereby investors in Telegram’s $1.7 billion USD ICO will have the option to claim a refund, the case hangs in the balance […]
Category: STO News
Big Tech Firms Becoming Financial Service Providers Are Risky To Economy: EU Regulator
The European Union released a strong statement on the risks Big Tech raises in entering the traditional world of finance, possibly targeting Facebook’s Libra currency which is expected to launch in Q2 2020. The report calls on regulators to take necessary steps to regulate the industry to protect the users from financial scams and risks […]
Fiat Currency Crisis is “Massively Bullish” for Bitcoin: Morgan Creek Capital CEO Mark Yusko
Bitcoin fundamentals continue to improve and get stronger Lower interest rates are “massively bullish” for bitcoin The digital currency designed to be a safe haven and be part of the diverse portfolio In less than a week, Bitcoin has lost nearly 7% of its value, went back above $10,000 and then dropped back below $9,500. […]
Validity Labs Joins the International Token Standardization Association ITSA
This week, the Swiss-based blockchain educational and infrastructure platform, Validity Labs confirmed the firm joined The International Token Standardization Association (ITSA). The decision to join the ITSA comes at a crucial stage of the EU’s STO regulatory development. The move demonstrates a further push for a more robust framework to support the expanding security token […]
BitGo Works Towards ‘Full-Stack Solution’ with Harbor Acquisition
Acquisition With roots in custodial services surrounding digital assets, BitGo has established themselves as an industry mainstay since their 2013 launch. In the time since, the team behind the Californian company has managed to expand their offerings, growing with the industry it serves. BitGo has clearly recognised a major shift in the world of blockchain, […]
SEC Settles Enigma’s 2017 $45M ENG Token Sale, Pay $500k Fine and Refund Investors
The ICO project Enigma has settled with the US Securities and Exchange Commission (SEC) over charges of violating the securities law. Enigma MPC is a blockchain startup that raised $45 million in a token sale from 2017. The SEC announced on Wednesday the settlement requires Enigma to refund all the investors it harmed by using […]
Agora Innovation Secures Funding for IVE.ONE Platform
This week, the security token issuance platform, Agora Innovation announced that the firm successfully completed a seven-digit pre-series A investment round. Notably, the main investor was FinLab EOS VC. Now, Agora Innovation is set to expand its capabilities. Specifically, Agora seeks to launch its highly-anticipated IVE.ONE security token ecosystem in the coming weeks. The news […]
Contents Protocol Refunds $8M ICO, Shuts Down Due To Crypto’s Negative Perceptions
Content-sharing platform, Contents Protocol has announced on Wednesday that is shutting down and will refund investors the $7.5 million worth of Ether (ETH) that were raised in the initial coin offering (ICO). Here’s what the Contents Protocol announcement from the official website reads: “We inform you that due to continued regulatory uncertainties in cryptocurrency and lack […]
Ripple Co-Founder’ Claims His XRP Sell-Off Doesn’t Impact The Market Is ‘Simply Preposterous’
XRP Whale and former Ripple CTO argues his huge sell offs Not possible to sell off over 2% of the total supply without influencing the price, counters analyst As we reported, an analysis by Whale Alert stated that the amount of XRP Jed McCaleb, co-founder and former CTO of Ripple and an XRP Whale is […]
Coinbase Exchange’s New Visa Principal Membership Allows It Become Direct Card Issuer
The San Francisco-based Coinbase has just become the first crypto exchange to be made a principal member of Visa. This is an extremely big deal for a cryptocurrency based financial institution. The news was released on the Coinbase blog today. It’s mentioned in the post that Coinbase is the first ‘pure crypto company’ to get […]
